New Contracts. Between the Approval Date and the Date of Closing, Seller will enter into only those Contracts which Seller believes are necessary to carry out its obligations under Section 7.1.2 and which shall be cancelable on not more than thirty (30) days' written notice. If Seller enters into any such Contract, it shall promptly provide written notice thereof to Buyer and unless Buyer, within seven (7) days thereafter, notifies Seller in writing of Buyer's intention to assume such Contract, it shall be treated as a non-assumed Contract under Section 5.5 hereof.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund Ii Limited Partnership), Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership), Purchase and Sale Agreement (Hancock John Realty Income Fund Iii Limited Partnership)
New Contracts. Between the Approval Date date hereof and the Date of Closing, Seller will enter into only those Contracts which Seller believes are necessary to carry out its obligations under Section 7.1.2 4.2 and which shall be cancelable without cost to Purchaser on not more than thirty (30) days' days written notice. If Seller enters into any such Contract, it shall promptly provide written notice thereof to Buyer Purchaser and unless Buyer, within seven (7) days thereafter, notifies Seller in writing of Buyer's intention to assume such Contract, it shall be treated as a non-assumed Contract under Section 5.5 hereoffor all purposes of this Agreement.
Appears in 1 contract
Samples: Hotel Purchase and Sale Agreement (DiamondRock Hospitality Co)
New Contracts. Between the Approval Date date of this Agreement and the Date of Closing, Seller will enter into only those Contracts which Seller believes are necessary to carry out its obligations under Section section 7.1.2 and which shall be cancelable on not more than thirty (30) days' written notice. If Seller enters into any such Contract, it shall promptly provide written notice thereof to Buyer and unless Buyer, within seven (7) days thereafter, notifies Seller in writing of Buyer's intention to assume such Contract, it shall be treated as a non-assumed Contract under Section section 5.5 hereof.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund Iii Limited Partnership)
New Contracts. Between the Approval Date and the Date of Closing, Seller will enter into only those Contracts which Seller believes are necessary to carry out its obligations under Section section 7.1.2 and which shall be cancelable on not more than thirty (30) days' written notice, without penalty. If Seller enters into any such Contract, it shall promptly provide written notice thereof to Buyer and unless Buyer, within seven (7) days thereafter, notifies Seller in writing of Buyer's intention to assume such Contract, it shall be treated as a non-assumed Contract under Section section 5.5 hereof.. 6 14
Appears in 1 contract
Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund Iii Limited Partnership)
New Contracts. Between the Approval Date and the Date of Closing, Seller will enter into only those Contracts which Seller believes are necessary to carry out its obligations under Section 7.1.2 and which shall be cancelable on the earlier to occur of (a) the Closing Date and (b) not more than thirty (30) days' written notice. If Seller enters into any such Contract, it shall promptly provide written notice thereof to Buyer and unless Buyer, within seven (7) days thereafter, notifies Seller in writing of Buyer's intention to assume such Contract, it shall be treated as a non-assumed Contract under Section 5.5 hereof.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership)
